Nickel Industries Limited (OTCMKTS:NICMF – Get Free Report) was the recipient of a large growth in short interest in June. As of June 15th, there was short interest totaling 915,639 shares, a growth of 583.1% from the May 31st total of 134,046 shares. Based on an average trading volume of 2,096 shares, the days-to-cover ratio is presently 436.9 days.
Nickel Industries Stock Performance
OTCMKTS NICMF remained flat at $0.58 on Friday. The company’s stock had a trading volume of 200 shares, compared to its average volume of 7,624. Nickel Industries has a one year low of $0.42 and a one year high of $0.80. The company’s 50-day moving average is $0.71 and its 200-day moving average is $0.65.
Nickel Industries Company Profile
Nickel Industries Limited is an Australia-based resources company focused on the development, construction and operation of battery-grade nickel processing assets in Indonesia. The company’s core business centers on the production of mixed hydroxide precipitate (MHP), a precursor material used in the manufacture of lithium-ion batteries for electric vehicles and energy storage systems.
The company owns and operates two high-pressure acid leach (HPAL) plants in Southeast Sulawesi. Its flagship Hengjaya Nickel project and the Ranger Nickel facility leverage Indonesia’s rich laterite nickel deposits to produce MHP for customers in Asia, Europe and North America.
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